🚨 $BTC / USDT Technical Update: Bearish Breakdown Setup 📉
Bitcoin ($BTC) is showing clear signs of weakness after testing resistance near 87,000 – 87,150.
Key Technical Details:
Lower High Formation: Following the main peak, price bounced back up to 84,420, forming a lower high before getting rejected again.
Trendline Pressure: The price is putting continuous pressure on the blue diagonal support trendline.
Potential Target: A decisive breakdown below 83,166 – 83,897 invalidates local bullish momentum and opens the door for a correction towards the 79,700 – 78,500 region.
⚠️ Levels to Watch:
Resistance: $84,420 | $86,172 | $87,150
Support: $83,897 | $83,166 | $79,700
Will support hold here, or are we going sub-80k next? Share your views below! 👇
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #BinanceSquare #Crypto
#BTC
Bitcoin ($BTC) is showing clear signs of weakness after testing resistance near 87,000 – 87,150.
Key Technical Details:
Lower High Formation: Following the main peak, price bounced back up to 84,420, forming a lower high before getting rejected again.
Trendline Pressure: The price is putting continuous pressure on the blue diagonal support trendline.
Potential Target: A decisive breakdown below 83,166 – 83,897 invalidates local bullish momentum and opens the door for a correction towards the 79,700 – 78,500 region.
⚠️ Levels to Watch:
Resistance: $84,420 | $86,172 | $87,150
Support: $83,897 | $83,166 | $79,700
Will support hold here, or are we going sub-80k next? Share your views below! 👇
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #BinanceSquare #Crypto
#BTC